Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Binance against Bybit+0.005%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1211.211% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.005%, 7d avg −0.033%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.039% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MASKUSDT	0.4788	0.0100	pay 0.0050% / 4h	2h 39m	$1.3M	$864K	50x
Short	Binance MASKUSDT	0.4788	0.0100	get 0.0050% / 4h	2h 39m	$2.5M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.033%: $3.86
Slippage, 4 orders: −$100.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$117.26
Costs to cover: 1.211%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 1 min ago	2.09 bp	39.2 bp −$39	127.1 bp −$1,271	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.04 bp	24.4 bp −$24	100.2 bp −$1,002	doesn't fit	doesn't fit

MASK on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MASKUSDTshort	+0.0100%	4h	0.4788	+0.005%	$2.5M	$4.4M	50x
Bybit MASKUSDTlong	+0.0100%	4h	0.4788	long leg	$1.3M	$864K	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4781	−0.146%	$504K	$918K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4795	+0.146%	$277K	$219K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4782	−0.125%	$1.0M	$238K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4795	+0.146%	$589K	$160K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4789	+0.021%	$519K	$355K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4787	−0.021%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4794	+0.130%	$22K	$31	—	as long as short
BloFin MASK-USDT	+0.0135%	4h	0.4797	+0.188%	$125K	$15K	50x	as long as short